Corporate payout policy

Corporate financing and investment decisions when firms have information that investors do not have

1984 • 18,167 citations

Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers

1986 • 17,982 citations

Dividend Policy, Growth, and the Valuation of Shares

1961 • 6,581 citations

Using daily stock returns

1985 • 6,463 citations

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

1985 • 6,148 citations

Asset pricing and the bid-ask spread

1986 • 5,250 citations

Uncertainty, Evolution, and Economic Theory

1950 • 4,028 citations

DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES

1956 • 3,496 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

Two Agency-Cost Explanations of Dividends

1984 • 3,128 citations

On financial contracting

1979 • 3,013 citations

Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy

1979 • 2,777 citations

A Simple Implicit Measure of the Effective Bid‐Ask Spread in an Efficient Market

1984 • 2,564 citations

Price, trade size, and information in securities markets

1987 • 2,249 citations

GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS

1982 • 1,678 citations

Special Information and Insider Trading

1974 • 1,307 citations

Insiders' profits, costs of trading, and market efficiency

1986 • 1,263 citations

Common stock repurchases and market signalling

1981 • 1,054 citations

The effects of dividend yield and dividend policy on common stock prices and returns

1974 • 1,034 citations

Investment banking and the capital acquisition process

1986 • 1,024 citations

The Only Game in Town

1971 • 899 citations

Dividends and taxes

1978 • 760 citations

Common stock repurchases

1981 • 737 citations

Explaining investor preference for cash dividends

1984 • 701 citations

The Economies of Scale

1958 • 699 citations

Determinants of bid-asked spreads in the over-the-counter market

1974 • 590 citations

Alternative methods for raising capital

1977 • 586 citations

Transaction costs and the small firm effect

1983 • 461 citations

Stockholder-bondholder conflict and dividend constraints

1982 • 414 citations

Incentive and Tax Effects of Executive Compensation Plans

1982 • 382 citations

Principles of Corporate Finance

1940 • 358 citations

Shareholder wealth, information signaling and the specially designated dividend

1983 • 352 citations

Stockholder, Manager, and Creditor Interests: Applications of Agency Theory

2000 • 281 citations

BID‐ASKED SPREADS ON THE AMEX AND THE BIG BOARD

1977 • 172 citations

The wealth effects of targeted share repurchases

1983 • 163 citations

Direct evidence on the marginal rate of taxation on dividend income

1985 • 63 citations

Does the investment interest limitation explain the existence of dividends?

1981 • 50 citations

5 Stockholder, Manager, and Creditor Interests: Applications of Agency Theory

2003 • 32 citations